Wednesday, September 30, 2015

<>Breaking the tragedy of the horizon  climate change and financial stability A speech at Lloyd's of London by Mark Carney, Governor of the Bank of England (BoE): "There is a growing international consensus that climate change is unequivocal. . . Since the 1980s the number of registered weather-related loss events has tripled; and Inflation-adjusted insurance losses from these events have increased from an annual average of around $10bn in the 1980s to around $50bn over the past decade. . . So why isn't more being done to address it?